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AP with Doloresz Katanich

Bank of England holds main UK interest rate at 4% with inflation above target

Inflation United Kingdom Bank of England Lindsay James Hargreaves Lansdown Interest Rates The Bank of England

The Bank of England (BoE ) held its main interest rate at 4% on Thursday as inflation in the UK remains stubbornly high.

The decision was widely anticipated, as was the split of votes on the nine-member Monetary Policy Committee. Seven of the panel backed the decision, while two voted for a quarter-point reduction to 3.75%.

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